Bombay High Court appoints arbitrator in Max Healthcare vs Care Hospitals dispute

The Bombay High Court has appointed retired Justice SJ Kathawalla as a sole arbitrator for a dispute between Max Healthcare Institute and Care Hospitals. The move came after Max Healthcare cited a breach of term sheet clauses and a commercial agreement, as well as contractual rights. Max Healthcare had given a non-binding offer to TPG. The Max offer valued Care Hospitals at INR37bn ($496m), excluding Bangladesh assets. However, Blackstone is believed to have signed a binding agreement with TPG.
Source: The Economic Times - Category: Consumer Health News Source Type: news